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Opinion: China's Inequality Problem

This transcript has been automatically generated and may not be 100% accurate.

... the Chowk to China where the new leadership ... is promising new Robin Hood like strategy to take from the rich and redistribute to the fore sound familiar ... but but is not enough to quell rising discontent with the country's rampant corruption ... looking ahead corn Cheniere author of China's Coming Collapse important ... we heard these promises before from previous ... administrations is this good work ... we heard this ten years before when Hu Jintao and Wen Xiu about ... to go over now they're leaving ... they actually taste the air platform almost on on him and reducing income inequality on helping the poor the downtrodden the dirt farmers ... and of course things have just gotten worse China's Gini coefficient which measures inequality is now eight point four seven for ... officially which is a place which is really quite worried but it's really about twenty six when we know we look at other studies and then the guy who cares about income inequality that's naturally have an American capitalist economies China isn't Apple is fully ... use the income mobility that matters is that the issue in China there is a slow so much to the Chinese people don't really care that's people get rich before others this is to get rich is glorious helpings famous phrase what they do care about is people getting wealthy through corruption through abuse of office and that really is the issue ... France's our Janney coefficient United States is about the same as China's official one ... which you don't hear the complaints and problems and you don't have all the demonstrations and protests ... because people believe that the system is inherently fair people don't believe China's system is fair ... now China is not as stable ... by a system that it's it's a one party state lots of core auction lots of protests across the country ... Corning is a new sense that these practices increased in number ... with this new administration coming into power or ... are they do they really have a handle on what's going on I don't think they have the handle the cousin only look at the number of protests from the beginning of last decade was around fifty sixty thousand the year for major protest ... that's going up to somewhere between two hundred to three hundred thousand ... but it's not just the number of protests it's the violence so we're seeing not just demonstrations but were seen minor instructions ... we are seeing riots we are seeing places where police stations get burned down um please can get roughed up this is really very serene so it's the violence of the protests not so much the number ... well it's going to be very important to see ... how this all plays out Gordon Chang author China's Coming Collapse I thank you so much ... for being